economic Factors

Global economic growth persisted through Q3 2024, prompting central banks to begin reducing interest rates. The global economy was projected to remain stable for the rest of 2024.

Flight activity

Flight operations decreased by 1.3% year-over-year in Q3 2024 but rose 1% compared to Q2 and stood 14.6% higher than Q3 2019 pre-COVID-19 levels, highlighting growth in the business aviation user base.

Aircraft Manufacturers backlog

OEM backlogs decreased 1.1% year-over-year in Q3, despite strong revenue growth of 15.3%, with robust backlogs at $45.6 billion. Increased deliveries in Q3 2024 highlight OEM progress, but faster revenue growth than orders caused the industry-wide book-to-bill ratio to decline.

TRANSACTION volume

Transactions remained steady through the end of Q3 2024. OEMs focused on addressing supply chain and labor challenges, while activity in the pre-owned market started to increase.

pre-owned INVENTORY

Inventory grew in Q3 2024 as more aircraft were listed for sale. The trend favoring older aircraft listings eased in 2024, with these models compromising 69.9% of all listings by the end of Q3. Listings are expected to remain steady through the rest of 2024 as the market returns to historical norms.

During Q3, most aircraft models depreciated in line with historical trends, though younger aircraft showed less depreciation compared to older ones.

aircraft VALUES

MARKET OVERVIEW